How To Start Intraday Trading

Intraday is a combination of two terms, "intra" means within and "day".Intraday trading in India, refers to trading of stocks or share within one day during regular trading hours. The intraday process means you have to buy or sell shares within the same day. While using intraday trading, you need to buy the stocks when its price is low and then you need to sell them when the price is high, then only you can make profit out of it.

If you are a beginner in the stock market and wondering How To Start Intraday Trading , then it might be confusing you when it comes to selecting the tools and accounts for intraday trading stocks..

Let’s discuss some important factors that you might need to consider before trading-

1.Select stocks after proper research and analysis-

This is a very important step to start intraday and in this phase you need to perform alot of research before selecting a stock for the trading purpose.With proper research you can minimize the risk of losses.When you gain knowledge about trading and its fluctuation in prices you gradually increase your trading skills.

2.Set your Target Price-

Always set your target price and when you hit that target just sell of your holdings take the profit and leave the screen. Beginners always make this mistake, when they make profit they always start feeling greedy for more profit and end up loosing the profit which they made earlier. Always make a rule, never trade in emotions or make decisions in emotions and when your stop-loss or your price hits, sell of at that moment, take the lesson and learn from that to make less mistakes in future.

3.Start Small-

Always start small, don't be over-aggressive, start with 1-2 stocks in initial phase of your journey. With the time value and volume should be increased.By starting small and if you make some mistake you will only loose less money and from that you can take great learnings and with that you can make a strategic plan to never repeat those mistakes again.

4.Remain Calm-

When you do intraday trading you need to hold your nerves and should try to stay calm all the time. Because when you are calm you can make better and efficient decisions which will help you to make higher profits.

It is one of the best quality that you will be requiring when you step into the Stock market.

If you are a beginner and wondering How To Start Intraday Trading then there are multiple courses which will be covering topics regarding How to learn basics of stock market and other multiple topics. You should go for the course before starting intraday, thats how you can protect yourself from the looses.

My name is Anubhav and i write articles on multiple topics. Thanks for showing support.